MINNEAPOLIS, MINNESOTA, US — MGEX, a designated contract market (DCM) and Derivatives Clearing Organization, set a second-best November record in the history of MGEX with a total of 260,612 contracts traded.
Compared to November 2019, this past month saw an 11% increase making November 2020 as the 16th best month overall for MGEX.
Total electronic volume for the month came in 13th best overall with 233,637 contracts while total open interest increased 4% compared to the previous year to 69,551 contracts.
Miami International Holdings (MIH) is currently in the process of acquiring MGEX. On Nov. 25, the Commodity Futures Trading Commission (CFTC) approved the acquisition.
With the CFTC’s approval MIH’s acquisition of MGEX is expected to close on Dec. 4, subject to the satisfaction of customary closing conditions. Upon closing, MGEX would become a wholly owned subsidiary of MIH.